Home values are rising higher in these regions than in Brisbane

first_imgSome of the most expensive homes in Queensland are on the market in Noosa including 46 Seaview Terrace, Sunshine Beach, which is looking for offers around $18 million. Picture: realestate.com.au Aerial view of Golden Beach and Glass House Mountains at the Sunshine Coast. Auction clearance rate nosedives, with Brisbane lowest of capitals Two $5m-plus offers in two months for luxury riverfront home Get the best real estate news direct to your inbox for free with The Courier-Mail THESE three regions are blitzing Brisbane when it comes to increases in house and unit values, making owners some nice coin indeed.The tables have been turned on Brisbane by the Gold Coast, Sunshine Coast and Noosa, where home values have risen faster than that of the Queensland capital.The median house and unit values over the 12 months to May for the largest non-capital city council areas showed Noosa was even seeing its unit market grow at a faster rate than its houses.Noosa saw a 12 month rise in its median house price of 5.6 per cent to $632,445 while there was a 7.9 per cent jump in median unit value to $518, 601, according to data from CoreLogic.The Gold Coast was strong for median house value which grew 7.5 per cent to $613,227 while median unit prices lifted 6.2 per cent to $397,330.In contract Brisbane was looking at 12 month growth of 3.5 per cent for houses and a fall of 2.4 per cent for units over the year to March. More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoThe Gold Coast has performed stronger than Brisbane when it comes to house and unit median value growth in the 12 months to May. Picture: AAP Image/Dave HuntOn the Sunshine Coast, median house values grew 6.2 per cent to $552, 129 while median unit value was at $391,262 after a 4.4 per cent rise.CoreLogic analyst Cameron Kusher found that although regional housing markets “have long been laggards” compared to the capitals, many had seen values rise in the past year.“After a long period of soft housing market conditions following the financial crisis, housing demand is starting to pick up across many of the larger regional areas.”He said Queensland’s regions saw the southeast corner dominate while elsewhere growth was extremely mild or had fallen.center_img 29-31 Wyuna Drive in Noosaville is on the market for $11.9 million.“In fact, the Gold and Sunshine Coasts and Noosa are seeing more rapid value growth than Brisbane is. “It seems as if a lot of demand across these regions is coming from the accelerating internal migration to Queensland and buyers from Sydney and Melbourne that have substantial equity in their homes and are looking for lifestyle properties.”Of 13 Queensland regions in the data pool, five saw values fall for houses over the past year and seven saw declines for units.Gladstone continues to be the hardest-hit Queensland region, with an 11.5 per cent fall in median house value to $298,356 over the 12 months to May, while its median unit value went to $204,220 after a whopping 23.7 per cent decline.last_img read more

Survey suggests improving business conditions in Midwest

first_imgOMAHA, Neb. (AP) — A monthly survey report suggests that business conditions improved last month in nine Midwest and Plains states.The report issued Wednesday says the Mid-America Business Conditions Index rose to 55.2 in December from 54.1 in November. The October reading was 54.9.Creighton University economist Ernie Goss oversees the survey, and he says the shortages of skilled workers are still holding back even stronger growth.The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth. A score below that suggests decline.The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.last_img read more